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A barter agreement is a document that records an exchange of goods or services between two parties without the use of money. It can be used as a business contract or a one-time arrangement to trade equal commodities. Bartering is a way to exchange goods and services without using currency, predating our modern monetary system. It is legal if done correctly, and almost all items and services can be bartered. It allows individuals to trade unwanted items for ones they need. Examples of when to use a barter agreement include two parties exchanging goods.